Norway plans new taxes on offshore fish farms, wind power workers (updated)

Mowi ASA

02/04/2024 06:22

(Adds detail in paragraphs 2-4)
       OSLO, April 2 (Reuters) - Norway's government said on
Tuesday it proposed introducing taxes on foreign companies and
employees involved in fish farming on the country's continental
shelf and on workers in offshore wind power and other offshore
activities.
    Norwegian companies and workers operating in the same areas
are already subject to taxation.
    If approved by parliament, a tax rate of 22% will be
introduced from 2025 onwards, the finance ministry said in a
statement.
        While onshore activities and companies operating close
to the shore are already subject to taxation, the new proposal
covers businesses operating further out at sea that are not
covered by current tax rules, the ministry added.
  

 (Reporting by Terje Solsvik, editing by Stine Jacobsen)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))